Leads on Emirates NBD’s trade are closely watching the market this week for an issuance window for the delayed five year dollar trade, as another Middle Eastern issuer might be testing the market tomorrow.

Despite commodity catastrophes and diplomatic discord, the Gulf is set to be one of the most promising regions for the syndicated loan market in coming years, with a number of projects in the pipeline and governments seeking to modernise their economies by diversifying their funding sources. Banks seeking long-term returns and future ancillary business should pay close attention.

Dubai Aerospace Enterprise, the aircraft lessor 96% owned by state-controlled Investment Corp of Dubai, has closed a $720m loan with an international, rather than regional, syndicate, as Gulf borrowers continue to pivot away from local financing.

Despite commodity catastrophes and diplomatic discord, the Gulf is set to be one of the most promising regions for the syndicated loan market in coming years, with a number of projects in the pipeline and governments seeking to modernise their economies by diversifying their funding sources. Banks seeking long-term returns and future ancillary business should pay close attention.

The postponement of the Saudi Aramco's IPO is just the latest blow to emerging market (EM) equities. Volatility is biting ever harder, taking lumps out of an ever dwindling autumn pipeline. Sam Kerr reports.